This course will review how to evaluate and handicap affirmative claims that are presented to sureties by their principals. The surety professional needs to understand whether its Principal’s claims against the Obligee may have merit and could result in recovery. This is a key consideration to determine the path forward for claim settlement, to determine how to include the principal’s claim(s) in the surety’s loss analysis. There are several variables to consider when handicapping an affirmative claim, such as compliance with notice provisions entitlement analysis, schedule impact analysis, and damages quantification.
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